Trustee Investment Plan

Our Trustee Investment Plan (TIP) is a single premium investment for Trustees of UK registered pensions schemes. It offers access to a range of funds including our With-Profits Fund and the range of PruFund Funds. Regular and one off withdrawals can be taken from the Plan.

We offer a range of guarantee terms for both Prufund Protected Cautious Fund and PruFund Protected Growth Fund, where the guarantee will only apply at the end of the selected guarantee term.

If you select a Protected PruFund Fund you will be able to select from a range of guarantee terms. Each guarantee has its own charge. The guarantee charge will be payable for the whole of the term. The Protected PruFund Funds invest in the same assets as the corresponding non Protected PruFund Funds. Only one PruFund Protected Fund is allowed per plan.

Investing in Protected PruFund Funds ensures that at the end of your selected guarantee term, your fund will be worth at least the amount you invested, adjusted for any applicable charges, enhancements or withdrawals. For full details, please refer to the Key Features document.

We also offer new Risk Managed PruFunds which can spread your money over a range of different assets; they use our unique PruFund smoothing process and, as we offer four, give you and your adviser a choice of funds that target different levels of potential return, and therefore risk, for your investment.

PruFund Pension Funds - Expected Growth Rates

We are delighted to announce the latest Expected Growth Rates (EGRs) for the PruFund Funds available through the Trustee Investment Plan.

The latest rates are effective from 25 November 2011 to 26 February 2012.

About the Expected Growth Rates

• EGR rates quoted above are shown gross of product charges.
• They are the annualised rates which will be applied daily to increase the unit price of each fund and are set quarterly by the Prudential Directors having regard to the expected long term investment return on the assets of the fund.
• The EGRs set at future quarter dates may be higher, the same or lower than those applying at the start of your investment.
• The unit price may be adjusted at the start of each quarter or, more rarely, during the quarter which will impact any growth you receive.

What you might get back

• The overall return achieved on any plan is affected by the amount of the investment, fund performance, the period over which the plan has been invested, any income taken where relevant, and the charges applicable to the plan. Details are provided in the relevant Key Features document.
• You can request a policy valuation at any time by calling us on 0800 000 000*.

Providing Income

A TIP can provide income to help with:

• Scheme pension or income drawdown payments without having to realise other assets held in the scheme.
• Meeting loan repayments for assets held in the scheme.
• Covering any ongoing costs and charges within the scheme.

About the plan

Past performance is not a reliable indicator of future performance, the value of the plan may go down as well as up and there may be times when you do not get back the original amount of your investment.

The plan is a long-term investment and if any money is disinvested (except for regular income) an exit charge may apply.